iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sets New 1-Year High – Here’s What Happened

Shares of iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $31.70 and last traded at $31.53, with a volume of 1908029 shares traded. The stock had previously closed at $29.81.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The company has a 50 day simple moving average of $24.87 and a two-hundred day simple moving average of $23.64. The firm has a market cap of $1.34 billion, a PE ratio of 4.78 and a beta of 0.25.

Hedge Funds Weigh In On iShares S&P GSCI Commodity-Indexed Trust

A number of institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd boosted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 422.0% in the 2nd quarter. Quadrature Capital Ltd now owns 360,943 shares of the company’s stock valued at $7,961,000 after acquiring an additional 291,803 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of iShares S&P GSCI Commodity-Indexed Trust during the third quarter worth $2,718,000. M Holdings Securities Inc. lifted its position in iShares S&P GSCI Commodity-Indexed Trust by 47.4% during the second quarter. M Holdings Securities Inc. now owns 132,290 shares of the company’s stock valued at $2,917,000 after purchasing an additional 42,543 shares during the period. Southeast Asset Advisors LLC lifted its position in iShares S&P GSCI Commodity-Indexed Trust by 31.7% during the second quarter. Southeast Asset Advisors LLC now owns 18,514 shares of the company’s stock valued at $408,000 after purchasing an additional 4,451 shares during the period. Finally, Quent Capital LLC boosted its holdings in iShares S&P GSCI Commodity-Indexed Trust by 9.9% in the third quarter. Quent Capital LLC now owns 743,262 shares of the company’s stock valued at $17,073,000 after purchasing an additional 66,815 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

iShares S&P GSCI Commodity-Indexed Trust Company Profile

iShares S&P GSCI Commodity-Indexed Trust (The Trust) is an investment trust that issues units of beneficial interest (shares) representing fractional undivided beneficial interests in its net assets. The Trust’s objective is to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodities futures and to track the investment returns of the index before payment of the Trust’s expenses and liabilities. The Trust is a commodity pool.